SPC Global, the century-old agribusiness group that launched life as a farmer co-operative in regional Victoria and returned to the ASX in late 2024, is gearing up to raise fresh equity as early as this week as it seeks to alleviate market concerns around its debt pile.
Street Talk can reveal SPC, chaired by former Metcash boss Andrew Reitzer, is preparing to launch a cash call for between $60 million and $70 million. Stockbrokers Ord Minnett and Canaccord Genuity are in line to oversee the deal, which is expected to be structured as an institutional placement, stated investor sources who inquireed to remain anonymous.
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